Intel Corporation, McDonald’s Corp and Cisco Surge despite Bearish DJIA

Investors remained mixed at NYSE on Thursday as the Dow Jones Industrial Average slightly fell 0.35 percent or 40.72 to 11,478.13 points. Standard & Poor’s 500 index fell 0.30 percent or 3.59 points to close at 1,203.66 whereas NASDAQ Composite index gained 0.60 percent or 15.51 points to close at 2,620.24 points. Despite negative Dow Jones, following stocks closed on positive note.

Intel Corporation (INTC) surged 1.17 percent to close at $23.39 with traded volume of 51.21 million shares.  The share price trades with average volume of 62.45 million shares per day. Intel moved 11.64 percent after yesterday’s surged is trading near its overbought level as per its relative strength index of 66.47.

McDonald’s Corp (MCD) advanced 1.08 percent to close at $89.31 in yesterday’s session. The share price was 2.22 percent above its 50-days simple moving average.

Cisco Systems Inc (CSCO) jumped 0.99 percent in yesterday’s session to close at $17.42 with traded volume figure of 44.10 million shares per day. On average the share price trades with volume figure of 72.39 million shares per day. Cisco is also trading at its overbought level as per its relative strength index of 65.20 times.

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Rehan Khan

About Rehan Khan

Rehan Khan has been involved in the financial sector for last 6 years. During that time he has been associated with many financial institutions, banks and brokerages. Rehan is also a graduate in finance and has been writing for last 2 years for various web publications, specializing in US stock markets, penny stocks, forex and commodities.

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